In 2023, the newly increased capability of electricity generation equipment in rural China was at a certain level, setting a baseline for subsequent forecasts. From 2024 to 2028, there's a steady upward trend with year-on-year increases of approximately 6.93% between 2024 to 2025, 6.41% from 2025 to 2026, 5.95% between 2026 to 2027, and 5.58% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is about 6.21%.
Future trends to watch for include:
- Investment in renewable energy technologies for rural areas.
- Infrastructure development to support increased generation capabilities.
- Policy changes that could amplify or hinder this growth trajectory.
